This past week, one of my clients met with a banker to develop a new banking relationship. He hands the banker the company’s financial statements, expecting the banker to look at the income statement. Instead, the banker flips to the back of the financial statements to look over the balance sheet. As the coach, I
See Also: Chapter 11 Bankruptcy Chapter 7 Bankruptcy Bankruptcy Costs Bankruptcy Information Fixed Charge Coverage Ratio Analysis Insolvency Definition Insolvency is the inability to pay debts when they are due. It also occurs when a company’s liabilities exceed the value of its assets, if you cannot readily cover these the assets into cash to repay debts.
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